Journalist
- Putin’s crypto stance has changed- now considers it as a tool to reduce costs and improve financial security.
- Russia to adopt crypto to avoid sanctions, lessen dollar dependence, and strengthen financial independence.
In a notable shift, Russian President Vladimir Putin has acknowledged the ongoing rise of digital currencies like Bitcoin [BTC ($107,106.00)], emphasizing their potential to reshape financial systems.
Speaking at the Moscow Investment Forum on 4th December, Putin highlighted the role of digital assets and went from disliking Bitcoin to not banning crypto.
He said,
“Who can ban Bitcoin? Nobody. And, who can prohibit the use of other electronic means of payment? Nobody. Because they are new technologies.”
He further added,
“A...
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